Modern Living Group
Grandview Heights Residence
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$1,325,000ACTIVE

1309 Florida Avenue, West Palm Beach, FL 33401

beds2baths2,294sq ft$578/ sq ft
THE RESIDENCE

About this home

A RARE investment opportunity in historic Grandview Heights! This charming TRIPLEX offers timeless character with modern updates & strong income! This well-maintained multi-family residence situated on a generously sized lot. This beautiful property has a ZEN garden, peaceful, minimalist outdoor space designed to promote relaxation & quiet reflection. Perfect opportunity for SEASONAL RENTALS, with properties in this highly desirable neighborhood. Many of these homes command $10,000+ in rent per month during peak season! WPB's expanding real estate market benefits from tourism, economic diversification & quality of life! Just a minutes walk from downtown/CityPlace with premier shopping& dining. Experience the dynamic lifestyle that makes this neighborhood one of the BEST!

THE DETAILS

Property details

List Price$1,325,000
Price / Unit$441,667
Units3
Cap Rate3.88%
Gross Income$86,400/yr
Net Operating Income$51,400
Inside Sq Ft2,294
Year Built1930
ConstructionStucco
FlooringWood
ZoningSF14(c
Property TypeTriplex
MLS #R11164510
StatusActive
Original List Price$1,395,000
GRM15.3
Tenant PaysElectricity, Water
Stories2
Show all details (7 more)
Lot Size0.15 acres
WaterfrontNo
ViewOther
Days on Market112
Annual Taxes$19,670
CityWest Palm Beach
Zip Code33401
LOCATION

Where you'll live

Grandview Heights

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Patrick Lafferty
FEATURED AGENT
Patrick Lafferty
Grandview Heights & WPB Specialist
Founding Agent

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